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7 Kansas Enterprises purchased equipment for $77,500 on January 1, 2021. The equipment is expected to have a ten-year service life, with a residual value

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7 Kansas Enterprises purchased equipment for $77,500 on January 1, 2021. The equipment is expected to have a ten-year service life, with a residual value of $6,150 at the end of ten years. Using the straight-line method, depreciation expense for 2021 would be: eBook Multiple Choice $7135. $8,365 $15,500 $7750 Kansas Enterprises purchased equipment for $82,000 on January 1, 2021. The equipment is expected to have a ten-year service life, with a residual value of $8,100 at the end of ten years. Using the straight-line method, the book value at December 31, 2021, would be: Book Multiple Choice $66,510. $73,800. $74,610. $73,900. 9e6/ Kansas Enterprises purchased equipment for $77.000 on January 1,2021. The equipment is expected to have a five-year service life, with a residual value of $6,450 at the end of five years Using the straight-line method, depreciation expense for 2022 and the book value at December 31, 2022, would be: eBook Multiple Choice $14,110 and $42,330. $15,400 and $39,750. $15,400 and $46,200. $14,110 and $48,780. Kansas Enterprises purchased equipment for $76,500 on January 1, 2021. The equipment is expected to have a five-year service life, with a residual value of $8,100 at the end of five years. Using the double-declining balance method, depreciation expense for 2021 would be: (Do not round your intermediate calculations) Multiple Choice $22,500. $15,300. $30,600 $27,360. Kansas Enterprises purchased equipment for $80,000 on January 1, 2021. The equipment is expected to have a five-year service life, with a residual value of $8,400 at the end of five years. Using the double-declining balance method, depreciation expense for 2022 would be: (Do not round your intermediate calculations) Multiple Choice $19,200. $17,184 $28,640. $32,000. Kansas Enterprises purchased equipment for $77,500 on January 1, 2021. The equipment is expected to have a five-year life, with a residual value of $8,400 at the end of five years Using the double-declining balance method, the book value at December 31 2022, would be: (Do not round your intermediate calculations) Multiple Choice $15,500. $15,980. O $18,380. $27,900

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